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Saturday, April 17, 2010

Was Healthcare Reform About Reforming Healthcare

The biggest issue in American politics in recent memory is healthcare and healthcare reform. However, some economists believe that there is more going on in this political fight than healthcare. Dr. Greg Mankiw, the professor that is likely the author of your econ textbook, thinks that the push for healthcare reform is really more about redistributing more income from high income individuals to those with lower incomes. As studies of the bill that passed Congress come out we will learn more and more about what it actually does in addition to "reforming healthcare".

If you are interested in a more in-depth and technical analysis of this redistribution you can see this study from The Tax Foundation.

(HT to Greg Mankiw)

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